Forming a company can be a daunting process, especially if you are not familiar with the laws and regulations of a particular country. Many countries have tightened their rules and requirements for company registration; there are now strict international and local requirements that must be met in a specific manner.

If you want to ensure a successful business incorporation, you need to seek an advice from professional experts. Seek a free consultation advice from reliable consultancy firms like DesFran. It is the fastest and safest way to seamless company formation with registered service.

DesFran Investment Consultancy Services has a group of professionals with top-notch consulting skills. We have developed a reputation in the industry with consistency of excellence.

For more than a decade, we have brought our knowledge and experience to a diversified portfolio of businesses in the strategic planning of forming a company in a competitive global economy. Our advisory solutions are based on expertise and localised contacts across jurisdictions in Asia Pacific, Africa, Middle East, Europe and America, as well as a deep understanding of each client’s needs.

Are you looking for a friendlier tax strategy? Or, perhaps, do you would want to setup your business offshore? Building your company can be made simple for you with DesFran’s advisory solutions.

One-Stop and Tailored Company Formation Services from DesFran

Entrepreneurs are now taking advantage of setting a company overseas. This is because there are a lot of potential benefits in owning offshore companies. Not only it will provide asset protection, it also offers low administration costs and capital requirements.

However, owning an offshore company also comes with complex processes. So, it is best advised to get help from the formation experts. What’s great is that DesFran specialises in providing business planning and offshore company setup solutions.

Now, do you have plans of putting up a business in Singapore? Where will be your next destination for offshore company formation?

DesFran has a pool of our strategic partners as well as the advisors and intermediaries of our clients. We also provide a comprehensive suite of solutions for businesses in the Southeast Asian region specifically in Indonesia, Thailand and Vietnam. With our tailored solutions, we ensure that clients can run their business in an efficient manner.

Start Your Company Today for Help is at Hand

DesFran offers a multitude of services for company setup. We provide strategic solutions to businesses that are aiming to start their new venture. In addition, all services offered at DesFran are performed with complete transparency. This includes the compliance of proper industry standards and legal procedures.

Spain

Spain lies at the extreme southwest of Europe on the Iberian Peninsula and has borders with France, Gibraltar, Portugal and across the Mediterranean with Morocco. The country receives one of the most Foreign Direct Investments (FDI) in the world, providing substantial support and incentives for investors. Some of its strongest industries include tourism, manufacturing, and agriculture.

Corporate Features

General

Type of company

Sociedad Limitada

Type of law

Civil

Time to incorporate (working days)

28

Corporate taxation

Yes

Double taxation treaties

Yes

Registered office/agent

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

€3,000

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

Yes

Government filing of Registrar of Directors

Yes

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

Yes

Ultimate Beneficial Owner

Public access

Yes

Company Secretary

Required

No

Government Annual Filing

Annual return

Yes

Audited accounts

Yes

Advantages

Efficient legal, accounting and banking services

Strategic location

Double taxation treaties with over 90 countries

High government incentive

7:28am (CET)

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General Information

Population47,882,082 (est., as of 2016)

LanguageSpanish

CurrencyEuro

Company Information

Type of CompanySociedad Limitada (S.L.)

Language of Company NameSpanish

Suffixes to Denote Limited LiabilityS.L.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

Malta

Malta’s increasing relevance as an international corporate services and business centre is attributable to several factors. In addition to its strategic geographical location and EU membership, its network of double taxation treaties and solid and comprehensive legislative framework provide sound basis for conducting business activities, particularly in the financial services, shipping and online gaming sector. Its strong economic ties with states outside of European Union gives significant advantage when it comes to foreign investments. This is coupled with several programs and schemes providing incentives or tax deductions for foreign entrepreneurs from various industries.

Corporate Features

General

Type of company

Private Limited Liability

Type of law

Civil

Time to incorporate (working days)

7

Corporate taxation

Yes

Double taxation treaties

Yes

Registered office/agent

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

€1,165

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

Yes

Government filing of Registrar of Directors

Yes

Shareholders

Minimum number

Two

Government filing of Registrar of Shareholders

Yes

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

Yes

Government Annual Filing

Annual return

Yes

Audited accounts

Yes

Advantages

Extensive and well established double taxation treaty network with over 40 jurisdictions

A full member of EU which benefits from all EU treaties, regulations and directives, as well as freedom in movement of capital

Favourable tax regime

Low set-up and operation costs

Efficient legal, accounting and banking services

Strategic location

7:28am (CET)

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General Information

Population425,799 (est., as of 2016)

LanguageEnglish and Maltese

CurrencyEuro

Company Information

Type of CompanyPrivate Limited Liability

Language of Company NameLatin Alphabet

Suffixes to Denote Limited LiabilityThe name of the company must end with the word “Limited” or “Ltd.” in the case of private limited companies, and “plc” in the case of a public limited company.

Restrictions on TradingNo specific restrictions on trading imposed on Maltese companies. However, companies involved in particular spheres of economic activity, including investment services, insurance business, other financial services and also gaming activities, may require a licence.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

Italy

Italy is strategically located at the centre of Europe and is, giving With a business structure that favours privatisation of state-owned enterprises as well as the reduction of state intervention, foreign investors have opportunities of setting up a business in Italy through the acquisition of privatised enterprises.

Germany

Germany the founding member of the European Union (EU), and is recognised as the largest economy in Europe. It is one of the leading exporting nations worldwide and world-renowned for its technical, operational and engineering and automotive industries. In addition to being one of the most stable European country, Germany has a well-developed financial and banking market, with Frankfurt being one of the leading financial centers in Europe.

Corporate Features

General

Type of company

GmbH

Type of law

Civil

Time to incorporate (working days)

4 Weeks

Corporate taxation

Yes

Double taxation treaties

Yes

Registered office/agent

Yes

Migration of Domicile permitted

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

€25,000 with minimum
of 25% paid up

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

No

Government filing of Registrar of Directors

No

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

Yes

Ultimate Beneficial Owner

Public access

Yes

Company Secretary

Required

No

Government Annual Filing

Annual return

Yes

Audited accounts

Yes

Advantages

Largest economy in Europe

Germany is at the heart of Europe and shares borders with every major economy in central Europe, providing instant access to both established markets in western Europe, and emerging markets in central and eastern Europe.

A full member of EU that benefits from all EU treaties, regulationsand directives, as well as freedom in movement of capital.

Stable economy

Excellent banking facilities

7:28am (CET)

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General Information

Population80,219,695 (est., as of 2016)

LanguageGerman

CurrencyEuro

Company Information

Type of CompanyGesellschaft mit beschränkter Haftung (GmbH)

Language of Company NameGerman

Suffixes to Denote Limited LiabilityGmbH for Limited Company

Restrictions on TradingCertain restrictions apply, including those that affect public safety, public transport, banking and insurance.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

France

As one of the largest economies in the world, France has aggressively sought to attract foreign direct investments with considerable success, making the process to start a company there simple and straightforward. Not only does France have a worldclass international banking network and a wide range of financial institutions with expertise in arranging financial transactions and transfers, it also has a well-developed legal and regulatory system broadly similar to other EU member states. There are mostly few restrictions on setting up companies and none on imports or capital from abroad.

Corporate Features

General

Type of company

SàRL

Type of law

Civil

Time to incorporate (working days)

4 Weeks

Corporate taxation

Yes

Double taxation treaties

Yes

Registered office/agent

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

€1

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

No

Government filing of Registrar of Directors

Yes

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

Yes

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

No

Government Annual Filing

Annual return

Yes

Audited accounts

Yes

Advantages

Generous government incentives

Strong intellectual property protection laws

A full member of EU which benefits from all EU treaties, regulations and directives, as well as freedom in movement of capital.

Stable economy

Excellent banking facilities

7:28am (CET)

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General Information

Population64,543,891 (est., as of 2016)

LanguageFrench

CurrencyEuro

Company Information

Type of CompanySociété à Responsabilité Limitée (SàRL)

Language of Company NameFrench or English

Suffixes to Denote Limited LiabilityLimited Company

Restrictions on TradingCertain restrictions apply to areas such as banking and insurance.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

Vietnam

Vietnam is the easternmost country in Southeast Asia. Though company formation in Vietnam can be difficult for foreign investors due to complex licensing procedures, economic reforms are attracting investors. An ample supply of affordable labour is also one of the reasons why investors are expanding into Vietnam. However, investors should be prepared for bureaucratic challenges.

Thailand

Thailand is a rapidly-developing nation located in Southeast Asia that offers a host of business opportunities. Its economic progression can be attributed to the presence of its good infrastructure and an efficient and competitive work force.

Delaware

The State of Delaware is the second smallest state in America situated on the east coast of the United States (U.S.). Delaware is divided into three counties, New Castle, Kent, and Sussex, of which New Castle is the most industrialised. Delaware is also the leading jurisdiction for company formation in the U.S..

Corporate Features

General

Type of company

LLC

Time to incorporate (working days)

2 – 3

Corporate taxation

No

Double taxation treaties

No

Registered office/agent

Yes

Migration of domicile permitted

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

Nil

Standard authorised capital

Nil

Bearer shares permitted

Nil

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

No

Government filing of Registrar of Directors

No

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

No

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

Yes

Local

No

Government Annual Filing

Annual return

Yes

Audited accounts

No

Tax Filing

No

Publicly accessible accounts

No

Advantages

100% foreign ownership

No corporate income tax for companies who do not have business transactions in Delaware

No personal income tax for non-residents

No minimum capital requirement

Flexible business law

1:28am (EST)

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Genenal Information

Population897,934 (est., as of 2016)

LanguageEnglish

CurrencyUS dollar

Company Information

Type of CompanyLimited Liability Company (LLC).

Language of Company NameEnglish

Suffixes to Denote Limited LiabilityMust contain one of the following endings: LLC, L.L.C. or Limited Liability Company

Seychelles

Seychelles comprises a group of islands in the Indian Ocean, to the north of Madagascar. It is well known for its excellent tax-free jurisdiction and offers good asset protection. With easy access to international banks and sophisticated banking facilities, opening bank accounts and handling bank related matters are less of a hassle. Seychelles also offers maximum confidentiality and is suitable for high-profile trading. With these features, Seychelles is fast becoming one of the most attractive offshore financial centres.

Corporate Features

General

Type of company

IBC

Type of law

Hybrid

Time to incorporate (working days)

7

Corporate taxation

Nil

Double taxation treaties

Yes

Registered office/agent

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

US$1

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

Yes

Government filing of Registrar of Directors

No

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

No

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

No

Government Annual Filing

Annual return

No

Audited accounts

No

Advantages

Low start-up cost and low annual maintenance

No minimum paid-up capital is required to start up a Seychelles IBC

No public disclosure of directors or shareholders or beneficial owners

Total exemption from all forms of local taxation, including stamp duty

No requirement for audit or to file accounts

Incorporation procedures are straightforward (can normally be completed in one working day)

10:28am (+04)

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General Information

Population91,687 (est., as of 2016)

LanguageEnglish

CurrencySeychelles Rupee

Company Information

Type of CompanyIBC

Language of Company NameEnglish

Suffixes to Denote Limited LiabilityThe name of the company must end with the word ‘Limited’ or ‘Ltd.’.

Restrictions on TradingUnable to trade within the Seychelles or own real estate, nor undertake the business of banking, insurance, assurance, reinsurance, fund management, asset management (other than the company’s own assets) or any other activity that would suggest an association with the banking and insurance industries. A Seychelles IBC cannot provide registered office facilities in the Seychelles or sell its shares to the public.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

Ras al-Khaimah

Ras al Khaimah is a fast developing city and emirate situated against the backdrop of the Al Hajar Mountain Range in the north of the United Arab Emirates (UAE). Since its incorporation in 2000, Ras al Khaimah Free Trade Zone (RAKFTZ) has been committed to attracting investors in the service, manufacturing and industrial sectors. RAKFTZ is also one of the fastest growing free trade zones in the UAE, emerging as the preferred business hub of the Middle East and one of the most cost-effective business destinations in the region.

Corporate Features

General

Type of company

Limited by shares

Type of law

Civil

Time to incorporate (working days)

14

Corporate taxation

Nil

Double taxation treaties

Yes

Registered office/agent

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

DHS1,000

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

Yes

Government filing of Registrar of Directors

Yes

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

Yes

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

No

Government Annual Filing

Annual return

No

Audited accounts

Yes

Advantages

100% foreign ownership

100% taxes exemption

Transparent laws and regulations

No restrictions on capital and profit repatriation

No need to visit UAE to establish a company

Strategic location within proximity to Dubai

10:28am (+04)

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General Information

Population250,000 (est 2013)

LanguageEnglish, Arabic

CurrencyDirham

Company Information

Type of CompanyLimited

Language of Company NameEnglish or Arabic

Suffixes to Denote Limited LiabilityThe name of the company must end with the word “Limited” or “Ltd.”.

Restrictions on TradingCan only operate within the activities detailed on the Memorandum.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

Mauritius

Mauritius is a fast expanding offshore financial centre with a stable political atmosphere located in the Indian Ocean. Mauritius’s strong liberal economy, reputable banking system and expanding network of double treaties have made it an attractive country for huge investments into China, India, Indonesia and South Africa.

Mauritius boosts two reputable corporate structures, Global Business Category (GBC): GBC 1 and GBC 2. GBC 1 allows international entrepreneurs to access the double taxation agreements with other countries where there is no withholding tax on payments to non-residents. GBC 2 is an offshore company for which foreign income is tax-exempt.

Dubai

Jebel Ali Free Zone (JAFZA) is a free economic zone located in the Jebel Ali area in Dubai. Established in 1985, JAFZA is spread over an area of over 50 sq. kilometres and operates as the business capital of the Middle East. This international business hub, with its state-of-the-art infrastructure and outstanding business environment, offers a wide range of opportunities for business activities and operations.

Corporate Features

General

Type of company

Limited by shares

Type of law

Civil

Time to incorporate (working days)

10

Corporate taxation

Nil

Double taxation treaties

Yes

Registered office/agent

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

There is no minimum capital requirement if you are merely setting up a branch of your company.

For a Free Zone Establishment or Free Zone Company: 1 million UED or UED 500,000 respectively

Directors

Minimum number

Two

Local director required

No

Corporate directors permitted

No

Government filing of Registrar of Directors

No

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

No

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

No

Government Annual Filing

Annual return

No

Audited accounts

Yes

Advantages

No import and export tax

No Value Added Tax (VAT)

No income tax, corporation tax or capital gains tax.

100% foreign ownership permitted.

100% repatriation of capital and profits allowed.

Strategically located between Europe, Asia and Africa

No foreign exchange restriction

10:28am (+04)

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General Information

Population2,467,518 (est., as of 2016)

Type of LawCivil Law

LanguageArabic, English

CurrencyDirham (AED)

Company Information

Type of CompanyLimited Liability Company (LBC)

Language of Company NameArabic or English

Suffixes to Denote Limited LiabilityThe name of the company must end with the word ‘Limited’ or ‘Ltd.’.

Restrictions on TradingCan only operate within the activities detailed on the Memorandum.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

United Kingdom

The United Kingdom (UK), or simply Britain, is a sovereign state located off the north-western coast of continental Europe. The country includes the island of Great Britain, the north-eastern part of the island of Ireland and many smaller islands. The UK has historically played a leading role in developing parliamentary democracy. As one of the five permanent members of the UN Security Council and a founding member of NATO and the Commonwealth, the UK pursues a global approach to foreign policy.

Corporate Features

General

Type of company

LLP

Type of law

Common

Time to incorporate (working days)

7

Corporate taxation

Fiscally Transparent

Double taxation treaties

Yes

Registered office/agent

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

£2

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

Yes

Government filing of Registrar of Directors

Yes

Shareholders

Minimum number

Two

Government filing of Registrar of Shareholders

Yes

Ultimate Beneficial Owner

Public access

Yes

Company Secretary

Required

No

Government Annual Filing

Annual return

Yes

Audited accounts

Yes

Advantages

Excellent reputation worldwide

Efficient legal, accounting and banking services

Strategic location

Double taxation treaties with over 100 countries

Stable economy

6:28am (GMT)

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General Information

Population7,384,454,601 (est., as of 2016)

LanguageEnglish

CurrencyGreat Britain Pound (GBP)

Company Information

Type of CompanyLLP

Language of Company NameEnglish

Suffixes to Denote Limited LiabilityThe name of the company must end with the word “Limited” or “Ltd.”.

Cyprus

Cyprus is strategically located at the intersection of the routes between Western Europe, Russia and the Middle East. It is the third largest Mediterranean island and one of the most popular tourist destinations. As a full member of the European Union (EU), Cyprus enjoys one of the lowest EU tax rate of 12.5%. Due to its highly developed infrastructure, open market economy and support of various government incentive schemes, Cyprus is a popular choice amongst foreign investors. Cyprus is also ranked as the world's 24th freest economy of freedom enjoyed in business, trade, financial, investment and labour markets.

Corporate Features

General

Type of company

Limited

Type of law

English Common Law

Time to incorporate (working days)

5-7

Corporate taxation

Yes

Double taxation treaties

Yes

Registered office/agent

Yes

Migration of domicile permitted

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

€1

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

Yes

Government filing of Registrar of Directors

Yes

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

Yes

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

Yes

Local

No

Government Annual Filing

Annual return

Yes

Audited accounts

Yes

Tax Filing

Yes

Publicly accessible accounts

No

Advantages

The lowest tax regime in Europe

Cyprus has tax treaties with 50 countries

A full member of EU which benefits from all EU treaties, regulations and directives, as well as freedom in movement of capital.

Stable economy

Excellent banking facilities

8:28am (EET)

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General Information

Population1,206,190 (est., as of 2016)

LanguageGreek

CurrencyEuro

Company Information

Type of CompanyLimited liability company (LLC), Cyprus Public Limited Company (plc), Branch office

Language of Company NameNames may be expressed in Greek or any language using the Latin alphabet if the Registrar is in receipt of a Greek or English translation and the name is not considered undesirable.

Suffixes to Denote Limited LiabilityThe name of an LLC must end in one of the following: Ltd, Limited or other abbreviations.

Restrictions on TradingUnable to undertake the business of banking, insurance or the rendering of financial services to the public unless special permission is granted. Companies cannot trade with resident individuals or companies situated in Cyprus other than in relation to the maintenance of premises, banking and professional services, unless with special permission from the Central Bank of Cyprus.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

Singapore

Singapore has excellent international trading links with its strategic location in Southeast Asia. It is a well-known international business and financial hub, supported by numerous worldclass banking facilities, investment companies, accounting and legal firms. As a reputable international trading jurisdiction with an advanced economy, Singapore is one of the top choices for one’s business in Asia.

Corporate Features

General

Type of company

Private Limited

Type of law

English Common Law

Time to incorporate (working days)

2-3

Corporate taxation

Yes*

Double taxation treaties

Yes

Registered office/agent

Yes

Migration of domicile permitted

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

SGD1

Standard authorised capital

NA

Bearer shares permitted

No

Directors

Minimum number

One

Local director required

Yes – one

Corporate directors permitted

No

Government filing of Registrar of Directors

Yes

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

Yes

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

Yes

Local

Yes

Government Annual Filing

Annual return

Yes **

Audited accounts

Yes

Tax Filing

Yes

Publicly accessible accounts

Yes

*
A Singapore company with foreign investments that is structured and administered well may not be liable for tax on profits generated from activities conducted outside of Singapore. Singapore’s corporate taxation is 17%. New start-up companies may be qualified for a partial tax exemptions scheme, which includes full tax exemption on the first $100,000 of normal chargeable income (excluding Singapore franked dividends) for the initial three consecutive years. A further 50% exemption is given on the next $200,000 on a qualifying company’s normal chargeable income (excluding Singapore franked dividends).

**
All Singapore incorporated companies are required to file for annual return and must appoint an auditor within three months from the date of incorporation, unless the company is exempted from audit requirements.

To be exempted from audit requirements, the company must be a private company that fulfils at least two of the following three quantitative criteria in each of the immediate past two financial years (FYs):

Total annual revenue of not more than S$10 million;

Total assets of not more than S$10 million;

Number of employees of not more than 50.

Advantages

Centralised location

Excellent international reputation as a financial and business hub

World class business infrastructure

Tax exemption incentives – profits earned out of Singapore are not subjected to local tax

Free trade zone and on the “whitelist” of OECD

No foreign exchange restrictions

Wide network of double tax treaties

2:28pm (+08)

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General Information

Population5,494,034 (est., as of 2016)

Type of LawEnglish Common Law

LanguageEnglish, Mandarin, Malay, Tamil

CurrencySingapore dollar (SGD)

Company Information

Type of CompanyPrivate Limited Company, Sole Proprietorship and Partnership, with the first as the most common. In this case, the company possesses the full rights and powers as a natural person.

Language of Company NameLatin alphabet

Suffixes to Denote Limited LiabilityThe suffixes Private Limited or Pte Ltd. are required for privately owned companies to denote limited liability. The suffixes Limited, Ltd., Company Limited or Co. Ltd. are required for public companies.

Restrictions on TradingGenerally no restrictions except for education, media, financial or politically-sensitive businesses.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

New Zealand

New Zealand is an island country in the Southwestern Pacific Ocean with high standards of living, a stable political system and low crime rate. New Zealand is one of the top choices for offshore incorporation and offers considerable benefits to those involved in international tax planning. If properly structured, a New Zealand resident company can operate as a tax-free offshore company.

Hong Kong

Hong Kong consists of a large number of islands and a part of the Chinese mainland. Due to its location in the South China Sea and excellent harbour, Hong Kong has become immensely popular as an international trade, industrial and financial centre. Its low tax rate, strong infrastructure and minimal government regulation have enabled Hong Kong to position itself as the gateway financial centre of the Pacific and Far East.

Corporate Features

General

Type of company

Limited

Type of law

English Common Law

Time to incorporate (working days)

3-5

Corporate taxation

None on foreign profits

Double taxation treaties

Yes

Registered office/agent

Yes

Migration of domicile permitted

No

Local meetings

No

Share capital or equivalent

Minimum paid up

1 share

Standard authorised capital

HKD10,000

Bearer shares permitted

No

Directors

Minimum number

One

Local director required

No, but at least one natural person

Corporate directors permitted

Yes

Government filing of Registrar of Directors

Yes

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

Yes

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

Yes

Local

Yes

Government Annual Filing

Annual return

Yes

Audited accounts

Yes

Tax Filing

Yes

Publicly accessible accounts

No

Advantages

One of the most respected financial hubs in the world

World class business infrastructure

Low or no taxes, as the tax is only imposed on territorial source principle of taxation

Free trade zone and is on the “whitelist” of OECD

No foreign exchange restrictions

Wide network of double tax treaties

2:28pm (HKT)

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General Information

Population7,304,000 (est., as of 2016)

Type of LawEnglish Common Law

LanguageMandarin, English and Cantonese as the recognised regional language

CurrencyHong Kong dollar

Company Information

Type of CompanyInternational Business Company (IBC).An IBC possesses the full rights and powers as a natural person.

Language of Company NameEnglish. Names with Chinese characters can be included on the company’s Certificate of Incorporation.

Suffixes to Denote Limited LiabilityLimited / 有限公司—May denote either a private or public company limited by shares, or a company limited by guarantee.

Restrictions on TradingUnable to undertake the business of banking, insurance, reinsurance. Also unable to solicit funds from or sell its shares to the public.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

Australia

Australia is situated between the Indian Ocean and the South Pacific Ocean. In January 2013, Australia assumed a non-permanent seat on the United Nations Security Council and has since become one of the fastest growing economies with a divert of a large portion of trade towards Japan and East Asian markets. It also has a well-developed financial services industry.

Corporate Features

General

Proprietary Limited

Public Limited

Type of law

English Common Law

Time to incorporate (working days)

5 – 6

Corporate taxation

30%

Double taxation treaties

Yes

Registered office/agent

Yes

Migration of domicile permitted

No

Local meetings

No

Share capital or equivalent

Minimum paid up

Not applicable

Standard authorised capital

Not applicable

Bearer shares permitted

Not permitted

Directors

Minimum number

One

Three

Local director required

Yes, at least one

Yes, at least two

Corporate directors permitted

No

No

Government filing of Registrar of Directors

Yes

Yes

Shareholders

Minimum number

One

One

Government filing of Registrar of Shareholders

Yes

Yes

Ultimate Beneficial Owner

Public access

No

No

Company Secretary

Required

No

Yes

Local

Yes, if appointed

Yes

Government Annual Filing

Annual return

No

No

Audited accounts

Not for small companies

Yes

Tax Filing

Yes

Yes

Publicly accessible accounts

Yes

Yes

5:28pm (AEDT)

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General Information

Population24,000,300 (est., as of 2016)

Type of LawEnglish Common Law

LanguageEnglish

CurrencyAustralian dollar

Company Information

Type of CompanyAustralia offers:
(1) Proprietary Company
(2) Public Company

Proprietary CompaniesA Proprietary Company is restricted to 50 non-employee members, with a minimum of one member and at least one Australian-resident director and an Australian-resident company secretary. This type of company can be classified into two categories:

Large Proprietary CompaniesA Large Proprietary Company and its controlled entities must have 50 or more employees. Its consolidated and operating revenue must exceed AUD 25 million, along with assets exceeding AUSD 12.5 million.

Small Proprietary CompaniesBy exclusion, a Small Proprietary Company is any company that does not meet the above criteria.

Public CompaniesPublic Companies can have an unlimited number of members with at least an Australian-resident company secretary and a minimum of three directors, two of whom must be Australian residents.

Language of Company NameEnglish. Names can be in a foreign language.

Suffixes to Denote Limited Liability

Proprietary CompaniesLimited by Shares (Pty. Ltd. or Proprietary Limited or a combination of both)Unlimited with Share Capital (Pty. or Proprietary i.e. no Ltd or Limited)

Public CompaniesLimited by Shares (Ltd or Limited)Unlimited with Share Capital (No suffix required)Limited by Guarantee (Ltd or Limited)No Liability Company (N.L. or No Liability) – A type of mining, speculative or research company with no right to call up the unpaid issue price of shares

Restrictions on TradingUnable to undertake the business of banking, insurance, reinsurance, public trustee services, financial services.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

Panama

The Republic of Panama is located between Costa Rica and Colombia. Panama is a tax-free jurisdiction and is one of the world’s most stable offshore banking centres. With a professional infrastructure and favourable commercial secrecy laws, it has become the top choice for offshore incorporation. Panama also possesses the world’s principal yacht and ship registration, with an economy heavily weighted towards banking, commerce, tourism, and trading.

Corporate Features

Corporate Features

General

Type of company

IBC

Type of law

Spanish Civil Law

Time to incorporate (working days)

2-3

Corporate taxation

No

Double taxation treaties

Yes

Registered office/agent

Yes

Migration of domicile permitted

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

US$1

Standard authorized capital

US$10,000

Bearer shares permitted

Yes

Directors

Minimum number

Three

Local director required

No

Corporate directors permitted

Yes

Government filing of Registrar of Directors

Yes

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

No

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

Yes

Local

No

Government Annual Filing

Annual return

No

Audited accounts

No

Tax Filing

No

Publicly accessible accounts

No

Advantages

No trade restriction

Exempted from all local taxes for income received outside of Panama

No minimum capital requirement

No foreign exchange restriction

Any individual or corporate entity may become a shareholder

Minimum reporting requirements

Favorable banking and commercial secrecy laws

1:28am (EST)

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General Information

Population4,025,434 (est., as of 2016)

Type of LawSpanish Civil Law

LanguageSpanish

CurrencyBalboa, US dollar

Company Information

Type of CompanyInternational Business Company (IBC).An IBC possesses the full rights and powers as a natural person.

Language of Company NameNames may be expressed in any language using the Latin alphabet. There may be a need for a English or Spanish translation.

Suffixes to Denote Limited LiabilityThere is no requirement to utilise a suffix to denote limited liability, although normally companies are incorporated to include: Limited, Incorporated, Corporation or other abbreviations.

Cayman Islands

The Cayman Islands is a British overseas territory and consists of a group of three islands located in the western Caribbean Sea. Cayman Islands is one of the largest offshore financial centres in the world with over 600 banks. By offering a well-regulated and tax-neutral offshore business environment, Cayman Islands enjoys a strong economy, with most of the revenue being derived from the financial services sector and tourism. In 2013, the Cayman Islands was ranked by the “Financial Secrecy Index’^ as the fourth safest tax haven in the world.

Corporate Features

General

Type of company

Exempt

Type of law

English Common Law

Time to incorporate (working days)

3 – 5

Corporate taxation

No

Double taxation treaties

No

Registered office/agent

Yes

Migration of domicile permitted

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

US$1

Standard authorised capital

US$50,000

Bearer shares permitted

Yes

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

Yes

Government filing of Registrar of Directors

No

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

No

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

No

Local

No

Government Annual Filing

Annual return

Yes

Audited accounts

No

Tax Filing

No

Publicly accessible accounts

No

Advantages

No direct taxes of any kind

No minimum capital requirement

Has one of the world’s largest offshore banking centre in the world with over 600 banks

No foreign exchange restrictions

Well developed commercial and professional infrastructure

Relatively easy to set up international corporate bank accounts for a Cayman Islands company

1:28am (EST)

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General Information

Population63,188 (est., as of 2016)

Type of LawEnglish Common Law

LanguageEnglish

CurrencyCayman Islands dollar

Company Information

Type of CompanyExempt. An exempt company possesses the full rights and powers as a natural person.

Language of Company NameAny name in a language other than English must be translated. Names with Chinese characters can be included on the company’s Certificate of Incorporation.

Suffixes to Denote Limited LiabilityThere is no requirement to utilise a suffix to denote limited liability although companies are commonly incorporated to include the suffixes: Limited, Incorporated, Corporation or other abbreviations.

Restrictions on TradingUnable to trade in Cayman Islands, own real estate, or undertake the business of banking, insurance, reinsurance, trust, fund management unless licensed.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

Belize

Belize is an independent country located on the Caribbean Sea in central America. Following its independence in 1981, Belize has enjoyed a history of peace and stability. Unlike other offshore jurisdictions, Belize relies heavily on tourism, marine products and agricultural produce. These industries contribute significantly to Belize’s foreign exchange earnings. In recent years, there is greater accessibility to the world markets, leading to a rapid expansion of both the tourism and international financial industries.

Corporate Features

General

Type of company

IBC

Type of law

English Common Law

Time to incorporate (working days)

2 – 3

Corporate taxation

No

Double taxation treaties

No

Registered office/agent

Yes

Migration of domicile permitted

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

Nil

Standard authorised capital

US$50,000

Bearer shares permitted

Yes

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

Yes

Government filing of Registrar of Directors

No

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

No

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

No

Local

No

Government Annual Filing

Annual return

No

Audited accounts

No

Tax Filing

No

Publicly accessible accounts

No

Advantages

One of the most developed offshore financial centres

Cost-effective with rapid incorporation

Exemption from all local taxes

Favorable business legislations

Stable business climate with a non-fluctuatingexchange rate

No foreign exchange restriction

Relatively easy to set up international corporate bank accounts for a Belize company

12:28am (CST)

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General Information

Population351,544 (est., as of 2016)

Type of LawEnglish Common Law

LanguageEnglish

CurrencyBelize dollar

Company Information

Type of CompanyInternational Business Company (IBC).An IBC possesses the full rights and powers as a natural person.

Language of Company NameNames can be in any language. Names with Chinese characters can be included on the company’s Certificate of Incorporation.

Suffixes to Denote Limited LiabilityThe name of an IBC must end in one of the following: Ltd., Corp., Inc, S.A., NV, GmbH or other abbreviations.

Restrictions on TradingUnable to trade in Belize or own real estate or undertake the business of banking, insurance, reinsurance, trust or company management services.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

Anguilla

Anguilla is one of Britain’s overseas territories. It is situated in the Caribbean with flight connections to major United States cities, Europe and Latin America. Though relatively new as an offshore centre, Anguilla’s infrastructure and telecommunication networks are well-developed and reputable. The significant growth on revenues earned from foreign investors further affirms Anguilla’s role as a major player in the international market.

Corporate Features

General

Type of company

IBC

Type of law

English Common Law

Time to incorporate (working days)

2 – 3

Corporate taxation

No

Double taxation treaties

No

Registered office/agent

Yes

Migration of domicile permitted

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

Nil

Standard authorised capital

US$1,000,000

Bearer shares permitted

Yes

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

Yes

Government filing of Registrar of Directors

Optional

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

Optional

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

Optional

Local

No

Government Annual Filing

Annual return

No

Audited accounts

No

Tax Filing

No

Publicly accessible accounts

No

Advantages

Neutral tax jurisdiction

No foreign exchange restriction

No minimum capital requirement

No need for local director or shareholder

Maximum confidentiality

Cost-effective with rapid incorporation

Modern financial services legislation

Relatively easy to set up international corporate bank accounts for an Anguilla company

2:28am (AST)

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General Information

Population16,849 (est., as of 2016)

Type of LawEnglish Common Law

LanguageEnglish

CurrencyEast Caribbean dollar

Company Information

Type of CompanyInternational Business Company (IBC).An IBC possesses the full rights and powers as a natural person.

Language of Company NameNames can be in any language. Names with Chinese characters can be included on the company’s Certificate of Incorporation.

Suffixes to Denote Limited LiabilityThe name of an IBC must end in one of the following: Ltd., Corp., Inc, S.A., NV, GmbH or other abbreviations.

Restrictions on TradingUnable to trade with residents on Anguilla or undertake the business of banking, insurance, reinsurance, trust or company management services.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

British Virgin Islands

The BVI is located in the Caribbean territory of the United Kingdom. Since the adoption of the International Business Companies Act in 1984, BVI is the world’s preeminent offshore jurisdiction and has become one of the most commonly used corporate centres with over 600,000 International Business Companies incorporated under it. BVI has maintained its leadership position in the international offshore incorporation market due to its political stability, legislation’s flexibility, commitment to privacy and a well-developed professional and commercial infrastructure.

Corporate Features

General

Type of company

BC

Type of law

English Common Law

Time to incorporate (working days)

2 – 3

Corporate taxation

No

Double taxation treaties

No

Registered office/agent

Yes

Migration of domicile permitted

Yes

Local meetings

No

Share capital or equivalent

Minimum paid up

S$1

Standard authorised capital

US$50,000

Bearer shares permitted

Yes

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

Yes

Government filing of Registrar of Directors

No

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

No

Ultimate Beneficial Owner

Public access

No

Company Secretary

Required

No

Local

No

Government Annual Filing

Annual return

No

Audited accounts

No

Tax Filing

No

Publicly accessible accounts

No

Advantages

No direct taxes of any kind

No minimum capital requirement

Has one of the world’s largest offshore banking centre in the world with over 600 banks

No foreign exchange restrictions

Well developed commercial and professional infrastructure

Relatively easy to set up international corporate bank accounts for a Cayman Islands company

2:28am (AST)

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General Information

Population27,731 (est., as of 2016)

Type of LawEnglish Common Law

LanguageEnglish

CurrencyUS dollar

Company Information

Type of CompanyBusiness Company (BC).A BC possesses the full rights and powers as a natural person.

Language of Company NameLatin alphabet. Any name in a language other than English must be translated.Names with Chinese characters can be included on the company’s Certificate of Incorporation.

Suffixes to Denote Limited LiabilityThe name of an IBC must end in one of the following: Ltd., Corp., Inc, S.A., NV, GmbH or other abbreviations.

Restrictions on TradingUnable to trade in BVI or own real estate or undertake the business of banking, insurance, reinsurance, trust, fund management or any investment consultancy services.

* For informational purposes only. Exchange rates may vary. Based on Open Exchange Rates data API.

China

China is situated in Eastern Asia between North Korea and Vietnam, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea,. For centuries, China stood as a leading civilisation until World War II where the communists under Mao Zedong established an autocratic socialist system. After 1978, Mao's successor Deng Xiaoping and other leaders focused on developing its economy and since the early 1990s, China has increased its global outreach and participation in international organisations. By 2000, its economic output had quadrupled.

Corporate Features

General

Type of company

WFOE

Type of law

Civil Law

Time to incorporate (working days)

3 months

Corporate taxation

Yes

Double taxation treaties

Yes

Registered office/agent

Yes

Migration of domicile permitted

No

Local meetings

No

Share capital or equivalent

Minimum paid up

Depends on business nature

Standard authorised capital

Depends on business nature

Directors

Minimum number

One

Local director required

No

Corporate directors permitted

No

Government filing of Registrar of Directors

Yes

Shareholders

Minimum number

One

Government filing of Registrar of Shareholders

Yes

Ultimate Beneficial Owner

Public access

Yes

Company Secretary

Required

No

Local

No

Government Annual Filing

Annual return

Yes

Audited accounts

Yes

Tax Filing

Yes

Publicly accessible accounts

No

Advantages (WFOE)

Able to remit RMB to parent company outside of China

Freedom and independence to execute global strategies of parent company without interference from Chinese partners

Excess labour supply and cheap labour cost

2:28pm (CST)

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General Information

Population1,379,993,706 (est., as of 2016)

Type of LawCivil Law

LanguageMandarin

CurrencyRenminbi (RMB)

Company Information

Type of CompanyForeign investors can generally establish a business presence in the following categories:

Wholly Foreign Owned Enterprise (WFOE)Wholly Foreign Owned Enterprise (WFOE) is a limited liability company formed in China entirely with foreign capital and owned by the foreign investor. A WFOE requires registered capital and its liability is limited to its equity. Taxes on the generated income are paid in China and profits can be repatriated back to the investor’s home country. Any limited liability enterprise in China which is 100% owned by a foreign company, individual(s) or companies can be called as WFOE.

Representative Office (RO)Representative Office (RO) is a liaison office of its parent company and requires no registered capital. Its activities in China are limited to: product or service promotion, market research of parent company’s business, quality control or contact liaison. A RO is generally prohibited from generating any revenue or entering into contracts with local businesses in China.

Joint Venture (JV)Joint Venture (JV) is a limited liability company formed between a Chinese company and a foreign investor. The parties agree to create an entity by both contributing equity, sharing the revenues, expenses, and control of the enterprise. A JV is usually used by foreign investors to enter restricted industries such as education, entertainment, mining and healthcare.